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Deal Overview

Buyer:
Community Bankers Acquisition Corp.
Actual Acquirer:
Community Bankers Acquisition Corp.
Target:
BOE Financial Services of Virginia, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
12/13/2007
Announcement Date:
12/14/2007
Announced Deal Value ($ M):
52.03
Status:
Completed
Completion Date:
5/31/2008
Announced Deal Value Per Share ($ )
42.50

Consideration Breakout
Common Stock ($M) 52.0
Common Stock Issued 6,957,405

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 175.4 169.6
Price / Tangible Book (%) 178.0 171.6
Price / Earnings (x) 17.7 21.3
Price / Deposits (%) 21.59 20.56
Price / Assets (%) 17.65 16.47
Tangible Book Premium/ Deposits (%) 12.01 11.33
Deal Terms
Description of Consideration

Community Bnkrs Acq Corp. exchanged 5.7278 shares of its common stock for each share of BOE Finl Svcs common stock, subject to adjustment. The per share consideration being not less than $42.50.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 17,198
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 1,000
Maximum Termination Fee ($ 000) 1,700
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 5.727800
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 9,643
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Keefe Bruyette & Woods Inc.
Seller Yes Feldman Finl Advisors Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ellenoff Grossman & Schole
Seller Yes LeClairRyan
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